Lower revenue due to a change in base materials, with no impact on profit
First written in FY2019-Q1. 2 of 8 entries say "Restated". Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020Full-year revenue was down approximately 3% excluding the impactAnnual report
「Excluding the impact of the substrate change described above, revenue declined approximately 3% from the previous consolidated fiscal year.」
Even excluding the impact of the lower selling prices caused by the substrate change, FY2020 revenue declined approximately 3% year on year. The company continued to explain that the substrate change had no impact on profit. - FY2020-Q3Revenue declined excluding the impactAnnual report
「Excluding the impact of the substrate change for anti-reflection films, revenue declined approximately 4% year on year.」
Even excluding the impact of the substrate change, revenue for the cumulative third-quarter period declined approximately 4% year on year. The company continued to explain that the substrate change had no impact on profit. - FY2020-Q2Increase in revenue excluding the impact confirmedAnnual report
「Excluding the impact of the substrate change for anti-reflection films, revenue increased approximately 2% year on year.」
Excluding the impact of the revenue decline caused by the substrate change, revenue for the cumulative second-quarter period increased approximately 2% year on year, according to the company. The company continued to state that the substrate change had no impact on profit. - FY2020-Q1First-quarter revenue up 7% excluding the impactAnnual report
「Excluding the impact of the substrate change for anti-reflection films, revenue increased approximately 7% year on year.」
Excluding the impact of the revenue decline caused by the substrate change, consolidated revenue for the first quarter increased approximately 7% year on year, according to the company. The company continued to explain that the substrate change had no impact on profit. - FY2019Full-year revenue growth excluding the impact confirmedAnnual report
「Excluding the impact of the substrate change described above and Optical Solutions, revenue increased approximately 6% from the previous consolidated fiscal year.」
Excluding the impact of the substrate change and the wind-down of Optical Solutions, full-year consolidated revenue was explained to have increased approximately 6% year on year. The company continued to explain that the substrate change had no impact on profit. - FY2019-Q3RestatedAnnual report
「Excluding the impact of the substrate change described above and Optical Solutions, revenue increased approximately 5% year on year.」
Excluding the impact of the substrate change and the decision to wind down the Optical Solutions business, consolidated revenue was explained to have increased approximately 5% year on year, while revenue from the optical materials and components business increased approximately 14%. The company continued to explain that the substrate change had no impact on profit. - FY2019-Q2RestatedAnnual report
「Excluding the impact of the substrate change described above, revenue increased approximately 1% year on year.」
Revenue declined due to the substrate change, but excluding its impact, revenue was explained to have increased approximately 1% year on year. It was also stated that the substrate change had no impact on profit. - FY2019-Q1First statedAnnual report
「The substrate we had previously purchased was changed, lowering our purchase price. As a result, the selling price of our products also declined, but the change had no impact on profit.」
The substrate change lowered both purchase prices and product selling prices, becoming a factor behind the decline in sales of anti-reflection films and other products. The company explained that the change had no impact on profit.